The WSJ has the liquidation announcement from Stone Point, the fund that originally seeded Todd Combs’ Castle Point. He’ll have 20x the amount of assets under management to play with at Berkshire ($BRK.A)
…The fund has also had strong relative performance during extremely challenging times in the financial services sector, outperforming its benchmark by roughly 80 percentage points since inception in November 2005 (positive 34% cumulative net return for Castle Point since launch vs. negative 46% for the XLF).
Nevertheless, we are happy for Todd, who has an incredible opportunity to work for Warren Buffett at Berkshire Hathaway. Todd is an extremely talented investor and we wish him much success in his new position…
Source: Read the Farewell letter from Todd Combs’ Hedge Fund (WSJ)